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Harry R.
Democrat NV

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  • Philippines Charitable Giving Assistance Act

    by Senator Harry Reid

    Posted on 2014-03-06

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    REID. Mr. President, I ask unanimous consent that the Senate Finance Committee be discharged from further consideration of S. 1821 and the Senate proceed to its immediate consideration; that a Hirono- Heller amendment, which is at the desk, be agreed to; that the bill, as amended, be read a third time and passed; further, that upon passage the bill be held at the desk and that if the Senate receives a bill from the House, the text of which is identical to S. 1821, as passed by the Senate, the Senate proceed to its immediate consideration, the bill be read three times and passed, without any intervening action or debate; finally, the Senate bill be indefinitely postponed and all motions to reconsider be considered made and laid upon the table.



    The PRESIDING OFFICER. Without objection, it is so ordered.

    The amendment (No. 2806) was agreed to, as follows: (Purpose: To change the dates during which contributions may be made to be treated as made in 2013, and for other purposes) On page 2, lines 7 and 8, strike ``January 1, 2014, and before March 1, 2014,'' and inserting ``the date of the enactment of this Act, and before April 15, 2014,''.

    On page 2, beginning at line 23, strike all through line 25.

    SEC. 2. ACCELERATION OF INCOME TAX BENEFITS FOR CHARITABLE CASH CONTRIBUTIONS FOR RELIEF OF VICTIMS OF TYPHOON HAIYAN IN THE PHILIPPINES.

    (a) In General.--For purposes of section 170 of the Internal Revenue Code of 1986, a taxpayer may treat any contribution described in subsection (b) made after the date of enactment of this Act, and before April 15, 2014, as if such contribution was made on December 31, 2013, and not in 2014.

    (b) Contribution Described.--A contribution is described in this subsection if such contribution is a cash contribution made for the relief of victims in areas affected by Typhoon Haiyan, for which a charitable contribution deduction is allowable under section 170 of the Internal Revenue Code of 1986.

    (c) Recordkeeping.--In the case of a contribution described in subsection (b), a telephone bill showing the name of the donee organization, the date of the contribution, and the amount of the contribution shall be treated as meeting the recordkeeping requirements of section 170(f)(17) of the Internal Revenue Code of 1986.

    The bill (S. 1821), as amended, was ordered to be engrossed for a third reading, was read the third time, and passed, as follows: S. 1821 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Philippines Charitable Giving Assistance Act''.

    SEC. 2. ACCELERATION OF INCOME TAX BENEFITS FOR CHARITABLE CASH CONTRIBUTIONS FOR RELIEF OF VICTIMS OF TYPHOON HAIYAN IN THE PHILIPPINES.

    (a) In General.--For purposes of section 170 of the Internal Revenue Code of 1986, a taxpayer may treat any contribution described in subsection (b) made after the date of the enactment of this Act, and before April 15, 2014, as if such contribution was made on December 31, 2013, and not in 2014.

    (b) Contribution Described.--A contribution is described in this subsection if such contribution is a cash contribution made for the relief of victims in areas affected by Typhoon Haiyan, for which a charitable contribution deduction is allowable under section 170 of the Internal Revenue Code of 1986.

    (c) Recordkeeping.--In the case of a contribution described in subsection (b), a telephone bill showing the name of the donee organization, the date of the contribution, and the amount of the contribution shall be treated as meeting the recordkeeping requirements of section 170(f)(17) of the Internal Revenue Code of 1986.

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